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in the u.s. than we would have otherwise earned. that prospect is now less than 20 years away. the major financial crisis brought on by high levels of debt could have a negative impact on the economy than these numbers indicate. in the short term, the primary impact of the debt trajectory viewed as unsustainable is more uncertainty. we live with that today. there is more uncertainty about future taxation and spending policy. there is more uncertainty about government's ability to prepare for future needs by reloading the fiscal canna necessary to deal with the geopolitical or economic issues. there is more uncertainty about central bank intervention in the credit markets and when it will end and the subsequent course of interest rates. increasing. there's more uncertainty about who will hold the debt, who will get caught holding the bag when the low interest rate party ends? at nasdaq, are listed companies cannot innovate or concentrate on investing in new capital, hiring new workers, grow their
in the u.s. than we would have otherwise earned. that prospect is now less than 20 years away. the major financial crisis brought on by high levels of debt could have a negative impact on the economy than these numbers indicate. in the short term, the primary impact of the debt trajectory viewed as unsustainable is more uncertainty. we live with that today. there is more uncertainty about future taxation and spending policy. there is more uncertainty about government's ability to prepare for...
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Nov 19, 2012
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when the u.s. government wants to buy microsoft products, not the u.s. government and agencies asked bill gates and microsoft, we are going to bite your product. we want your source code, which is the details of how your systems work. bill gates says, no, nobody gets our source code. it is proprietary. we do not get it in america. china -- we have people here who want to go on the internet, we are willing to pay license fees and are willing to pay your -- we want your source code. he says now. and we sit by the way, not only do we want your source code, we want you to make unique modifications to the microsoft systems. he says no, i do not do that. it is all the same. then he looks to the numbers and bill gates says, i guess i will give you the source code and the modification. you have heard of the great wall of china -- there's also the great fire wall of china. that country, with all those users, i'm going a little bit over the top on this, but not far from it, they can basically throw a switch and shut the rest of the world off. we do not have that c
when the u.s. government wants to buy microsoft products, not the u.s. government and agencies asked bill gates and microsoft, we are going to bite your product. we want your source code, which is the details of how your systems work. bill gates says, no, nobody gets our source code. it is proprietary. we do not get it in america. china -- we have people here who want to go on the internet, we are willing to pay license fees and are willing to pay your -- we want your source code. he says now....
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Nov 20, 2012
11/12
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the former u.s. comptroller general from 1998 to 2008 and would be the chief auditor of the united states he is now the founder and ceo of come back america. you've been watching this process for a long time. how would you describe the fiscal conditions in the country right now? >> they are poor and deteriorating. one the american people at heard a lot about the so-called cliff that is supposed to happen at the end of this year and we need to avoid the fiscal cliff but we need to recognize that is actually the symptom it's not the disease. the disease of the large and growing structural deficits that lie ahead that represent the fiscal of this so we have to avoid the fiscal cliff and build a bridge to address the fiscal abyss. >> what is your level of confidence that first things first the fiscal cliff can be avoided? >> i am cautiously optimistic. the first week we heard some good language from both sides. last week was rather disappointing but i think that both sides really do want to avoid it and
the former u.s. comptroller general from 1998 to 2008 and would be the chief auditor of the united states he is now the founder and ceo of come back america. you've been watching this process for a long time. how would you describe the fiscal conditions in the country right now? >> they are poor and deteriorating. one the american people at heard a lot about the so-called cliff that is supposed to happen at the end of this year and we need to avoid the fiscal cliff but we need to...
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Nov 19, 2012
11/12
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the u.s. and israel. you is a very different dynamic now and why this is also a very big test to egypt, to its credit, america is allowing egypt to immediate this and so far, egyptian officials say they are not [ inaudible ] a peace treaty with israel. president morsi says he's committed to the international obligations but he's also using his leverage to perhaps rein in hamas. it's not necessarily that hamas feels empowered but now perhaps egypt's president is saying to hamas you also have a responsibility to govern, you can't just fire these rockets indiscriminately and trigger this type of backlash. this isn't only a crossroads for israel and gaza, it has a tremendous amount of implications for egypt and u.s. foreign policy vis-a-vis the new emerging realities of the arab world. >> i want to open this up to our panel in new york. something that has been going on that i don't think has got an ton of coverage, is how the israeli defense ministry is using twitter to sort of talk about what the
the u.s. and israel. you is a very different dynamic now and why this is also a very big test to egypt, to its credit, america is allowing egypt to immediate this and so far, egyptian officials say they are not [ inaudible ] a peace treaty with israel. president morsi says he's committed to the international obligations but he's also using his leverage to perhaps rein in hamas. it's not necessarily that hamas feels empowered but now perhaps egypt's president is saying to hamas you also have a...
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Nov 19, 2012
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the u.s. house of representatives, government closest to the people. 3 million more americans voted for mitt romney then voted for john mccain. we are still at least in parity with the democratic party. we don't need to do anything. we don't need to move away from our conservative principles. what we need to do is nominated conservative candidate. then those 3 million people will be motivated to go back to the polls and vote for republicans. this was not a philosophical victory for barack obama. it was not a victory based on any demographics or all the prognostication and the analysts. it was a victory based on turnout. the democrats were able to turn out more votes than the republicans did. in some cases i believe there is still massive voter fraud in this country. when you have 20,000 people in voting in philadelphia for barack obama and none for mitt romney and you have 90% turnout in some of those spots, that is pretty obvious. the attorney generals in these republican states need to let t
the u.s. house of representatives, government closest to the people. 3 million more americans voted for mitt romney then voted for john mccain. we are still at least in parity with the democratic party. we don't need to do anything. we don't need to move away from our conservative principles. what we need to do is nominated conservative candidate. then those 3 million people will be motivated to go back to the polls and vote for republicans. this was not a philosophical victory for barack...
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Nov 19, 2012
11/12
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after wrapping up the first trip to myanmar by a sitting u.s. president, chuck joins us now with the latest on the president's trip. >> well, good morning. i'm here in myanmar, a country that just a few years ago was virtually isolated from the world's community and now a united states president has visited the country, barack obama. he made a whirlwind 12 hours count when he landed and touched down he was greeted by a sea of folks here, some of them locals looked spontaneous. some of them uniformed schoolchildren, looked like it was very organized. but throngs of people hoping to catch glimpses of the motorcade. the president played a little bit of tourist, by the way. he stopped by a famous 2,000-year-old temple with a big buddha there. the president participating in a ceremony. >> i was dousing the flames. >> and then the president went to aung san sun kyi's house where the activist was under house arrest for years. the two of them after meeting behind closed doors with secretary of state hillary clinton in tow, by the way, they came out and
after wrapping up the first trip to myanmar by a sitting u.s. president, chuck joins us now with the latest on the president's trip. >> well, good morning. i'm here in myanmar, a country that just a few years ago was virtually isolated from the world's community and now a united states president has visited the country, barack obama. he made a whirlwind 12 hours count when he landed and touched down he was greeted by a sea of folks here, some of them locals looked spontaneous. some of...
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Nov 19, 2012
11/12
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and in an 18-month span, three attacks on the u.s. embassy or consulate or barracks in beirut. 330 people were killed. what was the national security response from the reagan administration? nothing. nothing. zero. weinberger was afraid because he didn't want to rile up the arab world and caspar weinberger begged reagan to move the marines out of the barracks. he said they were sitting ducks. reagan refused. 220 marines dead. if ollie north wants to go back and talk about reagan and wants to talk about attacks on the embassies and consulate, he ought to keep in mind over 300 people were killed in beirut. but he think the four people killed in benghazi is worse than watergate. >> on the plus side, we did this in the rhode islands. >> 48 hours after the bombing. >> stephanie: maybe he would like to trade some arms. all right. 19 minutes after the hour. back with more eric boehlert on "the stephanie miller show." >> it's like a mensa meeting with fart jokes. it's "the stephanie miller show." smiles make more smiles. when the chocolate is
and in an 18-month span, three attacks on the u.s. embassy or consulate or barracks in beirut. 330 people were killed. what was the national security response from the reagan administration? nothing. nothing. zero. weinberger was afraid because he didn't want to rile up the arab world and caspar weinberger begged reagan to move the marines out of the barracks. he said they were sitting ducks. reagan refused. 220 marines dead. if ollie north wants to go back and talk about reagan and wants to...